A grey import camera is a product that was originally destined to a specific market with a lower price tag but that is then sold in a different market, below that market’s average price. By doing this the reseller pockets that price difference between the two markets, minus its operational costs.
What is the meaning of grey import?
Parallel imports (also called grey or direct imports) are products that you buy from a seller who does not have specific permission from the manufacturer to sell those products in the Australian marketplace.
Are GREY imports worth it?
The short answer is: it depends. Generally buying a new car is less risky, than a used one. If the Grey Import is already within the UK then the costs are much more clear-cut: you won’t need to worry about import fees or paying VAT. Aside from being a left-hand drive, it’s unlikely you’ll notice any difference.
What is an import model lens?
The “Gray/Grey Market”, “Imported” or “Direct Import” Canon lenses are directly imported by the retailer or their import agent.Instead of sending the lens to Canon, this warranty has you sending requires you to send the item to the retailer or the retailer’s service partner.
What is a Nikon grey import?
Nikon calls any product that is imported and sold by anyone other than Nikon USA or a Nikon USA authorized dealer a “gray market” product. While these are often genuine Nikon products, they were intended for sale in other countries and therefore might not meet Nikon’s specifications for sale in the United States.
What is a GREY product?
“Grey” goods or parallel imports, are goods that have been imported into a country through unofficial or unauthorized distribution channels. Grey goods are not illegal. But because they have not been imported through official channels, if the good breaks, the official supplier will refuse to uphold the warranty.
Why are parallel imports cheaper?
The reason for this is generally that the goods are considerably cheaper in the foreign country and the profit margin would be greater if the products are sold in South Africa otherwise than through the authorized or approved distributors.
Why are GREY imports cheaper?
Grey import resellers are so named because they import and sell products outside of the traditional supply chains, sourcing products that are up to 60 per cent cheaper than the products available locally.
Are GREY imports safe?
Grey imports are a form of arbitrage and they are not illegal, nor the manufacturer can stop you from buying andor reselling these items across different markets.Instead of the manufacturer’s warranty, grey import sellers often offer an extended seller’s warranty that covers almost all defects.
Do GREY imports have warranty?
4) Grey Imports have no Warranty.You might not have Australian warranty, but you definitely do have warranty. If you’re lucky, you might get Australian warranty as well. I know someone who bought an iPad grey and went to an Apple store and they fixed it for him, so your mileage may vary.
Will Nikon repair grey market cameras?
Nikon Inc. USA and Nikon Authorized Dealers won’t provide technical support, repair or warranty service on Gray Market products. If you suspect you may have purchased a Gray Market Nikon product, please contact the seller or importer for warranty and service information as well as software updates and downloads.
Will Canon repair grey market lenses?
Nikon and Canon will not even accept grey market products at their repair centers. No warranties or support.
Is Abe’s of Maine a reputable company?
Abe’s of Maine is a legitimate business that’s been operating since 1979 and has several certifications. However, you should be vigilant about reading the fine print when purchasing from its site so you don’t get stuck with products that can’t be serviced or upgraded.
What is a Nikon import model?
An import model (camera) means that the local Nikon service centre will probably not honour the warranty as it has not received its fair share of the cost of the camera to cover its costs.
Does Amazon sell grey market cameras?
Amazon allows gray market listings in categories like camera equipment. There is nothing illegitimate about gray market camera gear, it is generally still sold by authorized retailers. It is just not gear authorized to be sold in this country.
How do you tell if a Nikon camera is a US version?
Unfortunately Nikon prosumer/consumer camera bodies do not. The only way to identify a NikonUSA body is to match the body serial number to the original box. The serial number printed on the box will have a “(U)” next to it, indicating it was imported by NikonUSA.
What is the difference between GREY and parallel import?
The grey market makes reference to products acquired for re-sale through unauthorised channels or ones intended by the manufacturer. Parallel imports however are goods that are imported through non-official channels from low to high price countries – a completely legal transaction.
Is GREY import legal in South Africa?
A parallel import or Grey Product is a product that is imported into South Africa without the manufacturer or local distributors’ knowledge. Although not illegal in South Africa, it poses a few risks to your business.
Where is the grey market?
The grey market, or parallel market, is a place where shares of a company are bought and sold outside the official trading channels. Usually, companies that decide to launch an IPO decide to test waters in the grey market.
Is parallel trading illegal?
In the United States, courts have established that parallel importation is legal. In the case of Kirtsaeng v. John Wiley & Sons, Inc., the US Supreme Court held that the first-sale doctrine applies to copies of a copyrighted work lawfully made abroad, thus permitting importation and resale of many product categories.
Are parallel imports fake?
Parallel imported goods are genuine product and they’re brought in by individuals or businesses from overseas authorised sellers. When we’re talking about counterfeit product, it’s fake product and it’s brought in by unauthorised people.
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